Heron Bay Capital Management Takes $628,000 Position in NiCE $NICE

Heron Bay Capital Management bought a new stake in NiCE (NASDAQ:NICE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,337 shares of the technology company’s stock, valued at approximately $628,000.

Other institutional investors have also recently made changes to their positions in the company. Seelaus Asset Management LLC grew its position in NiCE by 4.6% in the third quarter. Seelaus Asset Management LLC now owns 1,691 shares of the technology company’s stock worth $245,000 after acquiring an additional 75 shares in the last quarter. Inspire Advisors LLC increased its position in shares of NiCE by 2.5% during the 3rd quarter. Inspire Advisors LLC now owns 3,302 shares of the technology company’s stock valued at $478,000 after purchasing an additional 79 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in NiCE by 6.7% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,492 shares of the technology company’s stock worth $252,000 after purchasing an additional 94 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its position in NiCE by 3.7% during the third quarter. Legacy Wealth Asset Management LLC now owns 2,829 shares of the technology company’s stock valued at $410,000 after buying an additional 101 shares during the period. Finally, Richardson Financial Services Inc. increased its holdings in shares of NiCE by 65.3% in the third quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock worth $48,000 after buying an additional 130 shares during the period. Institutional investors own 63.34% of the company’s stock.

Analyst Upgrades and Downgrades

NICE has been the subject of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $155.00 price objective on shares of NiCE in a research report on Friday, February 20th. Cantor Fitzgerald lowered their price objective on shares of NiCE from $154.00 to $133.00 and set a “neutral” rating for the company in a research note on Tuesday, November 18th. Zacks Research upgraded NiCE from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. DA Davidson dropped their price objective on NiCE from $150.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Finally, Royal Bank Of Canada decreased their target price on NiCE from $175.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $151.83.

NiCE Stock Performance

NICE stock opened at $128.13 on Friday. NiCE has a fifty-two week low of $94.65 and a fifty-two week high of $180.61. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 1.48 and a beta of 0.95. The business’s 50 day moving average price is $112.97 and its two-hundred day moving average price is $123.10.

NiCE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, February 19th. The technology company reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.01. NiCE had a return on equity of 18.26% and a net margin of 20.78%.The company had revenue of $786.50 million for the quarter, compared to analysts’ expectations of $779.95 million. During the same period in the prior year, the firm earned $3.02 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. NiCE has set its FY 2026 guidance at 10.850-11.050 EPS and its Q1 2026 guidance at 2.450-2.550 EPS. Sell-side analysts forecast that NiCE will post 9.85 earnings per share for the current year.

NiCE announced that its Board of Directors has approved a stock buyback plan on Thursday, February 19th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 9.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

NiCE Profile

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.